We first published this week’s SnapChart back in May. As before, we plot the astonishing fall of key public equity indices for upstream oil and gas producers in the United States and Canada. Since January 2017, Canadian producers are down 50 percent and US producers are down 30 percent. There are two market disconnects that […]
This week’s SnapChart plots equity indices of upstream oil and gas producers in the United States and Canada. Since the start of 2017, US equities are down 20 percent. Their counterparts in Canada are down 40 percent. Meanwhile, the broad US market (measured by the S&P 500) gained more than 20 percent. There have been […]
Canada agreed to cut its greenhouse gas emissions by 30% under the Paris Agreement [1]. While many other developed countries pledged similar reductions, achieving the target is tougher for Canada. The United States has announced that it plans to quit the Paris Agreement, although it has yet to do so officially. Regardless of the US […]
When flying into the Midland airport in West Texas, there was no doubt that I had arrived in oil country. It was a pleasant March afternoon and I could see drilling rigs on either side of the airport runway. Pump jacks were nodding in every direction as far as my eyes could see (see pictures […]
